The CFISD Board of Trustees votes to approve the 2022 CFISD tax rate during the Oct. 10 formal meeting. The tax rate of $1.2948 is CFISD’s lowest rate in 33 years.
Oct. 10, 2022—The CFISD Board of Trustees approved a 2022 tax rate of $1.2948 per $100 of property valuation—a reduction of $0.0444 from 2021—during its regularly scheduled meeting on Oct. 10.
The total tax rate is comprised of a $0.8948 Maintenance & Operations Tax Rate and a $0.40 Interest & Sinking (or debt service) Tax Rate. The M&O Tax Rate, which funds day-to-day operations in CFISD, has decreased for the fourth consecutive year—down from $0.9292 in 2021, $0.9555 in 2020, $0.97 in 2019 and $1.06 in 2018.
CFISD also offers a local optional homestead exemption of 20 percent of the appraised value of a home. When paired with a $40,000 state exemption, a CFISD taxpayer with a home valued at $350,000 would pay a tax based on $240,000 of value.
The 2022 tax rate decrease will save the owner of a home valued at $350,000 approximately $307 on their annual property tax bill.
View additional property tax information on the CFISD website.